Illumina Inc (ILMN)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,372,000 | 4,390,000 | 4,429,000 | 4,493,000 | 4,504,000 | 4,465,000 | 4,461,000 | 4,447,000 | 4,583,000 | 4,699,000 | 4,692,000 | 4,656,000 | 4,526,000 | 4,280,000 | 3,966,000 | 3,473,000 | 3,239,000 | 3,238,000 | 3,351,000 | 3,556,000 |
| Receivables | US$ in thousands | 735,000 | 699,000 | 641,000 | 635,000 | 734,000 | 690,000 | 741,000 | — | 671,000 | — | — | — | 648,000 | — | — | — | — | — | — | — |
| Receivables turnover | 5.95 | 6.28 | 6.91 | 7.08 | 6.14 | 6.47 | 6.02 | — | 6.83 | — | — | — | 6.98 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,372,000K ÷ $735,000K
= 5.95
The receivables turnover ratio for Illumina Inc has been relatively stable over the past few years, ranging from a low of 5.95 to a high of 7.08. This ratio measures how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
A higher receivables turnover ratio indicates that the company is more efficient in collecting payments from customers, which is generally a positive sign. On the other hand, a lower ratio may suggest potential issues with collection processes or credit policies.
In Illumina's case, the ratio has shown some fluctuations but has generally remained within a reasonable range. It would be important to continue monitoring this ratio and comparing it to industry benchmarks to assess the company's overall effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2024